Niall Collins (Limerick, Fianna Fail) | Oireachtas source

I move amendment No. 194:

In page 121, between lines 7 and 8, to insert the following:"(2) (a) The Minister shall within 1 month of the entering into force of this Act prescribe regulations regulating personal insolvency practitioners and imposing mandatory requirements to obtain a licence as a personal insolvency practitioner.

(b) The regulations shall specify -

(i) charges that can be levied by personal insolvency practitioners (including a prohibition on fees calculated as a percentage of the value of the debt recovered),

(ii) the length of time that these charges can be levied,

(iii) the qualifications required in order to obtain a licence as a personal insolvency practitioner,

(iv) the standards required of personal insolvency practitioners,

(v) penalties for failure to comply, and

(vi) a complaints process for debtors who are unsatisfied.

(c) The Minister shall within 6 months of the entering into force of this Act prescribe a code of conduct for personal insolvency practitioners.".

Will the Minister unveil the-----

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